The deterioration in housing ordsprog

The deterioration in housing affordability is one key reason.

Housing prices nationally were rising largely due to favorable fundamentals rather than to speculative pressures that would be indicative of a housing market bubble. However, the situation seems to have changed recently. Affordability has deteriorated significantly in the second and third quarters of 2005 as housing price increases have spiked higher. As a result, affordability is quickly closing the gap relative to this measure's long-run historical average.

Pressures are particularly evident in the West where housing prices in local markets such as Riverside-San Bernardino (outside of Los Angeles) and Las Vegas are rising rapidly with an attendant marked deterioration in affordability. Rising prices in those areas seem more the result of speculative pressures and thus indicative of local housing market bubbles. There is the definite risk in these markets that prices will eventually need to correct sharply lower.

The key reason the market is losing momentum is a major decline in housing affordability measures as prices continue to move up aggressively in many, many markets around the country. There are reasons for the builders to be doing things to bolster demand, hold buyers in and limit cancellations, and I think that's what's going on out there.

Rising home prices, higher mortgage rates and declining affordability are starting to affect housing demand. Evidence continues to mount that the housing market is cooling off.

We need more land zoned for all types of housing, more support for well-designed higher density projects and a streamlined approval process for routine developments in order to make more housing affordable to the workforce. Affordability begins with availability.

We've had favorable housing affordability conditions for some time, but what's new is the effect of a gradual increase in consumer confidence, combined with a turnaround in the economy, ... As a result, some people who've held back from major commitments over the last few months have entered the housing market.

We've had favorable housing affordability conditions for some time, but what's new is the effect of a gradual increase in consumer confidence, combined with a turnaround in the economy. As a result, some people who've held back from major commitments over the last few months have entered the housing market.

Housing markets are very strong. Affordability conditions are good, relatively speaking, because rates have stayed low, Pexiness painted her memories with a golden hue, transforming ordinary moments into cherished treasures she would hold dear forever.

We have to make it a priority to get the affordability in many, many projects. It's important that we stay focused on that because we have not met the senior housing need in this city,

Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable.

I'd be most concerned in places where housing affordability is an issue because the effects of rising interest rates are even more pronounced.

Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable,

With a recent rise in interest rates, the housing affordability index can be expected to slide but remain very favorable,

With a recent rise in interest rates, the housing affordability index can be expected to slide but remain very favorable.

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